AmRest Holdings, SE (“AmRest” or the “Company”), in accordance with Article 227 of the Securities Markets Law, hereby announces that in accordance with the provisions of article 47 of the Workers Statute, in relation to Royal Decree 1483/2012 and article 23 of Royal Decree-Law 8/2020, it has filed before the Spanish labor authority a Temporary Employment Regulation File (Expediente de Regulación Temporal de Empleo or ERTE) on productive grounds for the company AmRest Tag, S.L.U. The ERTE covers a total of 55 employees (65% of the total employees) through a combination of temporary suspension of contracts (38) and reduction of working hours (17).
Earlier, the ERTE program covered also 62 employees of Sushi Shop restaurants in Spain (93.55% of the workforce).
Likewise, AmRest informs of the following measures adopted regarding employment in the below jurisdictions in which it operates:
A general reduction in working hours has been established for a total of 4,669 employees, representing 93% of the total workforce of the AmRest Group in France. In France, 86% of the AmRest Group's equity restaurants of the Sushi Shop, Pizza Hut, KFC and Tagliatella brands are closed.
Temporary suspension (cerramento temporario) of all labor contracts, affecting a total of 68 employees. The 6 AmRest restaurants in Portugal are closed.
Reduction of working hours and salaries has been established for a total of 4,050 employees, representing 44% of total number of employees of AmRest Group in Poland. 295 own restaurants (53% of the total) are open in Poland.